Conway Michael Aaron 4

What Happened Michael Conway, a director of McCormick & Co. (MKC), reported the conversion/exercise of 2,222 derivative awards on February 15, 2026. The filing shows 2,222 shares acquired and 2,222 shares disposed in connection with the conversion; no purchase price or dollar value is reported because these were restricted stock units (RSUs) with no cash purchase required. This is a conversion/settlement event rather than a straightforward open-market buy or sell.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-18 (timely).
• Reported amounts: 2,222 shares acquired and 2,222 shares disposed (transaction code M — exercise/conversion of a derivative).
• Price: N/A (RSUs — no purchase price required).
• Footnotes: F1 = Restricted Stock Units; F2 = RSUs entitle the reporting person to receive an annual distribution of common stock equal to 100% of the grant; F3 = RSUs were originally granted on Feb 7, 2025.
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context This filing reflects the conversion/settlement of RSUs rather than a market purchase or a clean sale. When RSUs vest or are converted, filings frequently show both an acquisition (conversion into shares) and a simultaneous disposition (commonly to satisfy tax withholding or distribution mechanics); such mechanics are routine and do not necessarily signal a directional bet by the insider. Purchases tend to carry more weight for bullish signals; this event is a standard equity-compensation settlement.